The San Francisco-based Williams-Sonoma, Inc (NYSE:WSM) reported on Tuesday that financial results for the first-quarter surpass analysts’ forecasts on strong demand at its Pottery Barn furnishings chain and West Elm furniture stores, encouraged the company to boost its full-year earnings forecasts.
Shares of US home goods retailer moved up almost 7% to $37.05 on the New York Stock Exchange on Tuesday.
Williams-Sonoma has been enhancing its e-commerce business and opening new stores. The company boosted its anticipated full-year adjusted earnings in the range of $2.42 to $2.49 a share from $2.37 to $2.47 a share.
Kirkland’s, Inc (NASDAQ:KIRK) fell -5.03% to settle at $10.00, Bed Bath & Beyond Inc (NASDAQ:BBBY) moved up +1.22% to end at $70.64 while Ethan Allen Interiors Inc (NYSE:ETH) jumped +4.11% to finish on Tuesday at $22.81.
Williams-Sonoma, Inc (NYSE:WSM) last session volume of 6.82 million shares was surprisingly higher than its average volume of 2.06 million shares. The stock after opening at $36.65 hit high price of $37.11 and then closed at $35.89 by scoring +3.34%.
WSM generated revenue of 3.72 billion in the following twelve months and earned $236.93 million. The Company showed a positive +6.37% in the net profit margin and as well as in its operating margin which remained 10.26%. Company’s annual sales growth for the past five year was -0.04%.
The WSM past twelve months price to sales ratio was 0.96 and price to cash ratio remained 7.11. As far as the returns are concern, the WSM return on equity was recorded as 18.85% and increased 15.75% return on investment while its return on asset stayed at 11.30%.
The stock showed weekly downbeat performance of -5.05% which was maintained for the month at -4.70%. Likewise the negative performance for the quarter was recorded as -3.60% and for the year was -6.54% while the YTD performance remained at -5.63%.
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